Three things to look out for in Automotive advertising!
- " We'll pay off your trade, no matter how much you
owe!" Yep they'll write a check for your pay-off amount, they have to if they want your title. But any
negative equity is applied to your new loan. They insinuate that they are covering your negative, but they aren't, you are!
- "We will give you up to $5000(or $6000, $7000, $8000
etc,) more for your trade than it's worth." Who decides how much your
trade is worth, they do. Be ready for an arguement of how much your car is worth.
- All applications accepted. Some folks think this means all applications approved. But there is a big difference. Any dealership is happy
to accept your application, that doesn't mean you are approved.
Do yourself a favor and steer clear of dealers that advertise this way. They will be just as
dishonest when you deal with them as they advertise.
Attorney Generals in 22 states have cracked down hard on dealers advertising in this shoddy,
fraudulent way. Even closing some dealers down. Unfortunately Indiana's Attorney General has not seen fit to protect Indiana
residents from these frauds.